Italy: Market for Diesel-Electric and Other Locomotives 2024

Market Size for Diesel-Electric and Other Locomotives in Italy

The Italian diesel-electric and other locomotive market skyrocketed to $X in 2022, rising by 6,599% against the previous year. Overall, consumption enjoyed significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Diesel-Electric and Other Locomotives in Italy

In value terms, diesel-electric and other locomotive production rose notably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 30% against the previous year. Over the period under review, production hit record highs in 2022 and is expected to retain growth in years to come.

Exports of Diesel-Electric and Other Locomotives

Exports from Italy

In 2022, after two years of growth, there was significant decline in overseas shipments of diesel-electric and other locomotives, when their volume decreased by -72.9% to X units. Over the period under review, exports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 67%. As a result, the exports attained the peak of X units, and then declined significantly in the following year.

In value terms, diesel-electric and other locomotive exports dropped dramatically to $X in 2022. Overall, exports faced a sharp curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 100%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), France (X units) and Australia (X units) were the main destinations of diesel-electric and other locomotive exports from Italy, together comprising 61% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +33.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), France ($X) and Australia ($X) constituted the largest markets for diesel-electric and other locomotive exported from Italy worldwide, with a combined 63% share of total exports. The Czech Republic, India, Hungary, the UK, Saudi Arabia, Hong Kong SAR and Croatia lagged somewhat behind, together accounting for a further 34%.

Among the main countries of destination, Hungary, with a CAGR of +62.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average diesel-electric and other locomotive export price stood at $X per unit in 2022, dropping by -15.2% against the previous year. Overall, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when the average export price increased by 20% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Croatia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+44.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel-Electric and Other Locomotives

Imports into Italy

Diesel-electric and other locomotive imports into Italy dropped sharply to X units in 2022, falling by -93.1% compared with 2021. Overall, imports, however, posted a tangible increase. The pace of growth was the most pronounced in 2021 when imports increased by 3,806% against the previous year. As a result, imports attained the peak of X units, and then contracted significantly in the following year.

In value terms, diesel-electric and other locomotive imports reduced remarkably to $X in 2022. In general, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 1,918% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Switzerland (X units), France (X units) and Romania (X units) were the main suppliers of diesel-electric and other locomotive imports to Italy, together accounting for 76% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +53.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) constituted the largest supplier of diesel-electric and other locomotives to Italy, comprising 87% of total imports. The second position in the ranking was held by Switzerland ($X), with a 5.1% share of total imports. It was followed by France, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value from the Czech Republic totaled +145.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+30.3% per year) and France (+33.0% per year).

Import Prices by Country

The average diesel-electric and other locomotive import price stood at $X per unit in 2022, picking up by 225% against the previous year. Over the period under review, the import price saw a resilient increase. The pace of growth was the most pronounced in 2014 when the average import price increased by 1,674%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+117.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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